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Copa Holdings (CPA) Traffic Increases 6.9% in February
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Latin American carrier Copa Holdings SA (CPA - Free Report) posted a rise in air traffic for the month of February this year. Traffic – measured in revenue passenger miles (RPMs) – came in at 1.5 billion, up 6.9% on a year-over-year basis.
On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) rose 1.2% to 1.8 billion. Meanwhile, the load factor or percentage of seats filled by passengers climbed 430 basis points (bps) to 81.0% in Feb 2017 as traffic growth exceeded capacity expansion.
For the first two months of 2017, Copa Holdings generated RPMs of 3.1 billion (up 8.9% year over year) and ASMs of 3.8 billion (up 3.5%). Load factor registered growth of 410 bps year over year to 82.4% during the period.
We remind investors that Copa Holdings had performed reasonably well in the fourth quarter of 2016 with earnings and revenues beating expectations. Its fourth-quarter earnings (on an adjusted basis) of $1.42 per share beat the Zacks Consensus Estimate of $1.35. Earnings also improved from the year-ago figure of 73 cents. Quarterly revenues improved 12.8% on a year-over-year basis to $601 million. Revenues also beat the Zacks Consensus Estimate of $582 million. Passenger traffic (on a consolidated basis) climbed 11.3% and capacity expanded 2% during the quarter. Load factor climbed 680 bps to 81.6% as traffic growth outweighed capacity expansion.
Zacks Rank & Key Picks
Copa Holdings currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the airline space include Gol Linhas Aereas Inteligentes , International Consolidated Airlines Group (ICAGY - Free Report) and Air France-KLM (AFLYY - Free Report) . Gol Linhas Aereas Inteligentes and International Consolidated Airlines Group sport a Zacks Rank #1 (Strong Buy) while Air France-KLM carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Shares of GOL Linhas have gained more than 98% on a year to date basis, whereas shares of ICAGY and AFLYY gained 26.04% and 45.15% respectively, both on a year-to-date basis.
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Copa Holdings (CPA) Traffic Increases 6.9% in February
Latin American carrier Copa Holdings SA (CPA - Free Report) posted a rise in air traffic for the month of February this year. Traffic – measured in revenue passenger miles (RPMs) – came in at 1.5 billion, up 6.9% on a year-over-year basis.
On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) rose 1.2% to 1.8 billion. Meanwhile, the load factor or percentage of seats filled by passengers climbed 430 basis points (bps) to 81.0% in Feb 2017 as traffic growth exceeded capacity expansion.
For the first two months of 2017, Copa Holdings generated RPMs of 3.1 billion (up 8.9% year over year) and ASMs of 3.8 billion (up 3.5%). Load factor registered growth of 410 bps year over year to 82.4% during the period.
Copa Holdings, S.A. Price
Copa Holdings, S.A. Price | Copa Holdings, S.A. Quote
We remind investors that Copa Holdings had performed reasonably well in the fourth quarter of 2016 with earnings and revenues beating expectations. Its fourth-quarter earnings (on an adjusted basis) of $1.42 per share beat the Zacks Consensus Estimate of $1.35. Earnings also improved from the year-ago figure of 73 cents. Quarterly revenues improved 12.8% on a year-over-year basis to $601 million. Revenues also beat the Zacks Consensus Estimate of $582 million. Passenger traffic (on a consolidated basis) climbed 11.3% and capacity expanded 2% during the quarter. Load factor climbed 680 bps to 81.6% as traffic growth outweighed capacity expansion.
Zacks Rank & Key Picks
Copa Holdings currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the airline space include Gol Linhas Aereas Inteligentes , International Consolidated Airlines Group (ICAGY - Free Report) and Air France-KLM (AFLYY - Free Report) . Gol Linhas Aereas Inteligentes and International Consolidated Airlines Group sport a Zacks Rank #1 (Strong Buy) while Air France-KLM carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Shares of GOL Linhas have gained more than 98% on a year to date basis, whereas shares of ICAGY and AFLYY gained 26.04% and 45.15% respectively, both on a year-to-date basis.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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